China Faces Headwinds As It Tries to Prop Up Growth

Industrial Production Rose at Slower Pace in November

BEIJING—China’s state-run banks stepped up lending as Beijing sought to prop up growth, but new figures pointed to further signs of weakness in the world’s second-largest economy.

The central bank oversaw a significant increase in new lending in November as economic momentum slowed, according to data released by the bank Friday. Separate figures showed investment and industrial production decelerated in November, while housing sales...